By: Duncan	S.B. No. 397
	(In the Senate - Filed February 5, 2013; February 13, 2013,
	read first time and referred to Committee on State Affairs;
	February 27, 2013, reported favorably by the following vote:
	Yeas 8, Nays 0; February 27, 2013, sent to printer.)

	A BILL TO BE ENTITLED
	AN ACT
	relating to the statute of limitations for an action on a credit
	card account.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Subsection (c), Section 16.004, Civil Practice
	and Remedies Code, is amended to read as follows:
	(c)  A person must bring suit against his partner for a
	settlement of partnership accounts, and must bring an action on an
	open, [or] stated, or credit card account, or on a mutual and
	current account concerning the trade of merchandise between
	merchants or their agents or factors, not later than four years
	after the day that the cause of action accrues. For purposes of
	this subsection, the cause of action accrues on the day that the
	dealings in which the parties were interested together cease or, in
	the case of a credit card account, the date the account was charged
	off.
	SECTION 2.  The change in law made by this Act applies only
	to the limitations period for an action on a credit card account on
	which a payment or charge is made on or after the effective date of
	this Act. The limitations period for an action on a credit card
	account on which a payment or charge is not made on or after the
	effective date of this Act is governed by the law in effect
	immediately before the effective date of this Act, and that law is
	continued in effect for that purpose.
	SECTION 3.  This Act takes effect September 1, 2013.
	* * * * *